Price trend

According to the commodity analysis system of SunSirs, the price of flake caustic soda had been consolidating this week. At the beginning of the week, the average market price in Shandong was 3,433.33 RMB/ton, and on the weekend it was 3,400 RMB/ton. The price had decreased by 0.97%, and a decrease of 4.23% compared to the same period last year.

On April 11th, the chlor alkali index was 979 points, a decrease of 1 point from the previous day, a decrease of 53.99% from the highest point in the cycle of 2,128 points (2021-10-24), and an increase of 37.50% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present)

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda was weak this week. At the beginning of the week, the average market price in Shandong was 814 RMB/ton, and the average market price on weekends was 796 RMB/ton, a decrease of 2.21% in price and a decrease of 11.56% compared to the same period last year.

According to the Commodity Analysis System of SunSirs, the domestic caustic soda prices had been weak this week. The price of caustic soda in Hubei region was temporarily stable, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 900-960 RMB/ton. The price of caustic soda in Jiangsu region was consolidating, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 780-880 RMB/ton. The price of caustic soda in Jiangsu region was consolidating, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 780-880 RMB/ton.

Market outlook

SunSirs’ analysts believe that the price of flake caustic soda had stabilized this week, and downstream demand was average. The enthusiasm of traders for shipping was average, with a wait-and-see attitude as the main focus. Overall, the price of flake caustic soda may remain stable in the short term, depending on downstream market demand.

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